Newly released data on global road marking equipment industry analysis by Persistence Market Research shows that demand recorded a year-on-year (YoY) growth of 5.1% in 2021 to reach value sales of US$ 1.1 Bn. Demand from road construction contractors grew 5.1% to register sales of US$ 725.7 Mn, while that from airports was up by 4.5% to reach a value of US$ 176 Mn.
FACTS AT A GLANCE
Companies: RME,United Pavement Marking, Inc.,EZ-Liner,HOFMANN,Graco Inc.,MRL Equipment Co.,BORUM A/S,STiM,Arrow Striping and Manufacturing,Toyo Nainenki Kogyosha Co., Ltd.,CMC s.r.l.,Sibestar s.r.l.,ROCOL (part of ITW),Toyo Nainenki Kogyosha Co., Ltd.
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Coverage: All major geographies and key segments
Segments: Type(Hand-propelled Road Marking Equipment,Self-propelled Road Marking Equipment,Truck-mounted Road Marking Equipment); By Coating (Thermoplastic Paints,Cold Paints,Others); By Technology (Airless Road Marking Equipment,Airspray Road Marking Equipment,Thermoplastic Airspray Road Marking Equipment)
Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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ABSTRACT-
Persistence Market Research recently published a new report on the road marking equipment market. The report provides detailed valuation on key market dynamics, such as the drivers, trends, opportunities, and restraints, along with detailed information about the market structure. This market research report presents exclusive facts and figures about how the market will grow over the forecast period of 2021 to 2031.
Key indicators of market background, such as value chain analysis and supply chain, compounded annual growth rate (CAGR), and year-on-year (Y-o-Y) growth of the market are explained in Persistence Market Research’s study in a comprehensive manner. This information can help readers understand the quantitative development projections of the road marking equipment market over the forecast period.
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The study is relevant for stakeholders in the market, as well as manufacturers, distributors, suppliers, and investors, as it can help them understand applicable strategies to grow in the market. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers in the road marking equipment market can leverage the information and statistics presented in PMR’s research report.
The report includes facts and figures related to the macro- as well as micro-economic factors that are impacting market growth. The study also offers actionable insights based on the future trends in the road marking equipment market. Furthermore, regional players and new entrants in the market can also use the information presented in this report to make business decisions and gain momentum in the market.
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